The benchmark Sensex and Nifty indices are expected to open fl | ACCOUNT HANDLING PMS ®️

The benchmark Sensex and Nifty indices are expected to open flat with negative bias on May 23, following GIFT Nifty trends indicating a loss of just 33 points for the broader index.

On May 22, the Indian benchmark indices ended on a positive note on May 22 with Nifty reclaiming 22,600 in a volatile session ahead of the release of the Fed's latest meeting minutes. At close, the Sensex was up 267.75 points or 0.36 percent at 74,221.06, while the Nifty was up 68.80 points or 0.31 percent at 22,597.80.

GIFT Nifty (Negative)

The GIFT Nifty is trading 33 points lower compared to the Nifty 50 close on May 22, indicating a negative start for the day. Nifty futures were trading at 22,661 at 07:15 AM IST.

Asian Equities (Mixed)

Asian markets were mixed after minutes of the last U.S. Federal Reserve meeting revealed Fed officials' concerns over sticky inflation, with members seemingly getting cold feet on possible interest rate cuts.

South Korea's central bank held its benchmark policy rate at 3.5% as estimated in a Reuters poll. The BOK is expected to cut by 50 basis points in the fourth quarter, according to a Reuters poll from May 21.

IndicesChange from Previous Close (%)MTD (%)YTD (%)
Nikkei0.471.444.37
Topix0.030.254.17
Hang Seng0.97.1511.7
Taiwan0.46.814.4
Kospi-0.301.93-3.25

US Equities (Negative)

Overnight, Wall Street ended lower and oil prices fell on Wednesday as investors parsed minutes from the U.S. Federal Reserve's most recent policy meeting.

The Dow Jones Industrial Average fell 201.95 points, or 0.51 percent, to 39,671.04, the S&P 500 lost 14.4 points, or 0.27 percent, to 5,307.01 and the Nasdaq Composite dropped 31.08 points, or 0.18 percent, to 16,801.54.
IndicesChange from Previous Close (%)MTD (%)YTD (%)
Dow Jones-0.514.715.3
S&P500-0.275.1911.3
Nasdaq-0.187.1312